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Cigna Corp (CI.N)

CI.N on New York Stock Exchange

211.95USD
13 Dec 2018
Change (% chg)

$4.26 (+2.05%)
Prev Close
$207.69
Open
$210.02
Day's High
$213.23
Day's Low
$207.53
Volume
503,349
Avg. Vol
521,260
52-wk High
$227.12
52-wk Low
$163.02

Latest Key Developments (Source: Significant Developments)

Australia And New Zealand Banking Group Says ANZ NZ Completes Sale Of Onepath Life (NZ) Ltd
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Australia And New Zealand Banking Group Ltd ::ANZ NZ COMPLETES SALE OF ONEPATH LIFE (NZ) TO CIGNA-ANZ.AX.COMPLETED SALE OF ONEPATH LIFE (NZ) LIMITED TO CIGNA CORPORATION.  Full Article

Management Solutions to set up JV in Shanghai
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Management Solutions Co Ltd <7033.T>:Says it will set up a Shanghai-based management consultation JV in December .Says the JV will be capitalized at 50 million yen .Says it will hold 80 percent stake in the JV .  Full Article

Cigna CEO Says Continues To Expect To Close Express Scripts Deal By End Of The Year
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Cigna Corp ::CEO SAYS EXPRESS SCRIPTS <<>> DEAL HAS GAINED REGULATORY APPROVAL ACROSS 23 STATES, WITH 6 APPROVALS REMAINING - CONF CALL.CEO SAYS CO CONTINUES TO EXPECT TO CLOSE EXPRESS SCRIPTS DEAL BY THE END OF THE YEAR - CONF CALL.CIGNA CEO SAYS MARGINS IN U.S. INDIVIDUAL BUSINESS WERE HIGHER THAN ANTICIPATED THIS YEAR BUT LIKELY TO BE "MORE IN LINE" WITH EXPECTATIONS IN 2019.CIGNA SAYS FOR NOW 2021 ADJUSTED. EPS TARGET REMAINS IN THE RANGE OF $20-$21.  Full Article

Express Scripts Q3 Adjusted Earnings Per Share $2.43
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Express Scripts Holding Co ::EXPRESS SCRIPTS ANNOUNCES 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $2.43.Q3 GAAP EARNINGS PER SHARE $1.89.Q3 EARNINGS PER SHARE VIEW $2.43 -- THOMSON REUTERS I/B/E/S.QTRLY REVENUE $25,563.2 MILLION VERSUS $24,683.4 MILLION REPORTED LAST YEAR.QTRLY ADJUSTED CLAIMS OF 334.6 MILLION, DOWN 2.6%.EXPECTS 2019 RETENTION RATE FOR 2018 SELLING SEASON TO EXCEED 98%.EXPECT TO GROW CORE BUSINESS ADJUSTED CLAIMS BY 2% TO 3% IN 2019.Q3 REVENUE VIEW $25.04 BILLION -- THOMSON REUTERS I/B/E/S.CIGNA MERGER IS EXPECTED TO BE COMPLETED BY DECEMBER 31, 2018.EXPRESS SCRIPTS - DUE TO PENDING ACQUISITION BY CIGNA, WILL NOT BE HOLDING A Q3 CONFERENCE, WILL NO LONGER PROVIDE FINANCIAL GUIDANCE.  Full Article

Cigna Announces Enterprise Leadership Team For Combined Company
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Cigna Corp ::CIGNA ANNOUNCES ENTERPRISE LEADERSHIP TEAM FOR COMBINED COMPANY.EXPRESS SCRIPTS PRESIDENT AND CEO TIM WENTWORTH WILL HEAD HEALTH SERVICES BUSINESS AS PRESIDENT, EXPRESS SCRIPTS AND CIGNA SERVICES.ERIC PALMER WILL BE THE CHIEF FINANCIAL OFFICER OF THE COMBINED CO AFTER EXPRESS SCRIPTS MERGER.CHANGES EFFECTIVE UPON COMPLETION OF EXPRESS SCRIPTS MERGER, EXPECTED BY YEAR-END 2018.COMBINED CO WILL OFFER PLATFORMS SUCH AS A COMMERCIAL BUSINESS, A GOVERNMENT. BUSINESS, INTERNATIONAL BUSINESS & A HEALTH SERVICES BUSINESS.COMBINED CO'S HEALTH SERVICES BUSINESS WILL INCLUDE EXPRESS SCRIPTS.  Full Article

Cigna TTK Health Insurance Receives IRDAI Approval To Partner With Manipal Group
Monday, 3 Sep 2018 

Sept 3 (Reuters) - CIGNA TTK HEALTH INSURANCE::CIGNA TTK HEALTH INSURANCE RECEIVES IRDAI APPROVAL TO PARTNER WITH MANIPAL GROUP.  Full Article

Express Scripts Stockholders Approve Acquisition By Cigna
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Express Scripts Holding Co ::EXPRESS SCRIPTS STOCKHOLDERS APPROVE ACQUISITION BY CIGNA.EXPRESS SCRIPTS HOLDING - EXPRESS SCRIPTS EXPECTS DEAL WITH CIGNA TO CLOSE BY DEC 31, 2018.EXPRESS SCRIPTS HOLDING - BASED ON PRELIMINARY TABULATION, ABOUT 78 PERCENT OF SHARES OF CO'S COMMON STOCK ADOPTED CIGNA GREEMENT.EXPRESS SCRIPTS - OVER 99 PERCENT OF CO'S SHARES VOTED AT SPECIAL MEETING OF SHAREHOLDERS ADOPTED CIGNA DEAL.  Full Article

Cigna Shareholders Approve Express Scripts Acquisition
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Cigna Corp ::CIGNA SHAREHOLDERS APPROVE EXPRESS SCRIPTS ACQUISITION.CIGNA CORP - CIGNA ANTICIPATES THAT MERGER WILL CLOSE BY YEAR-END 2018.CIGNA CORP - CIGNA ANTICIPATES THAT MERGER WILL CLOSE BY YEAR-END 2018.CIGNA - AT MEETING, APPROXIMATELY 90 PERCENT OF VOTES CAST WERE VOTED IN FAVOR OF MERGER AGREEMENT WITH EXPRESS SCRIPTS.  Full Article

Cigna Says Expect To Reaffirm Projected FY 2018 Adjusted Income From Operations
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Cigna Corp ::CIGNA SAYS EXPECT TO REAFFIRM PROJECTED FY 2018 ADJUSTED INCOME FROM OPERATIONS, WHICH REMAINS IN RANGE OF $3.34 BILLION TO $3.42 BILLION - SEC FILING.  Full Article

Carl Icahn Issues Open Letter To Shareholders Of Cigna Corp
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Carl C. Icahn::CARL C. ICAHN ISSUES OPEN LETTER TO SHAREHOLDERS OF CIGNA CORPORATION.CARL C. ICAHN SAYS VOTE “AGAINST” CIGNA'S EXPRESS SCRIPTS TRANSACTION.CARL ICAHN - BELIEVE CIGNA SHOULD PURSUE MULTI-YEAR PARTNERSHIP WITH EXISTING PBM PROVIDER, POTENTIALLY EXPRESS SCRIPTS.CARL ICAHN SAYS COMPETITIVE RISK FROM AMAZON WILL BE AN "EXISTENTIAL THREAT" TO PBMS LIKE EXPRESS SCRIPTS.CARL ICAHN SAYS REGULATORY RISK DUE TO OPPOSITION TO REBATE SYSTEM WILL LIKELY LOWER EXPRESS SCRIPTS’ PROFITABILITY.CARL ICAHN - CIGNA HAS DONE WELL ON ITS OWN, MAY NOT NEED PBM CAPABILITIES ONCE LANDSCAPE CHANGES AND/OR AMAZON & OTHER COMPETITORS MATERIALIZE.CARL ICAHN SAYS CIGNA IS "OVERPAYING" FOR EXPRESS SCRIPTS.CARL ICAHN - WOULD LIKE TO SEE CIGNA USE CASH PORTION OF EXPRESS SCRIPTS CONSIDERATION & FCF TO "AGGRESSIVELY" REPURCHASE OWN SHARES.CARL ICAHN - CIGNA IS "UNDERVALUED" BECAUSE OF FEAR THAT EXPRESS SCRIPTS DEAL MAY BE APPROVED BY SHAREHOLDERS.CARL ICAHN SAYS CURRENTLY LONG CIGNA AND SHORT EXPRESS SCRIPTS STOCK.CARL ICAHN - OUR BELIEF THAT PBM INDUSTRY WILL MOVE TO ENTIRELY FEE-BASED MODEL OVER TIME.  Full Article

Express Scripts offers new formulary for lower list-price drugs

Nov 13 Express Scripts Holding Co on Tuesday announced a new drug reimbursement list with lower U.S. prices for brand-name medications, as a way to encourage drugmakers to move away from paying rebates after a prescription is filled.